Is Automated Options Trading Popular with TradersPost Users?
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Automated options trading is steadily used on TradersPost, though it’s less popular than futures and equities. With planned enhancements like multi-leg options orders, the platform is set to improve its options trading capabilities.
Automated options trading on TradersPost is a feature that sees steady use, although it isn’t the most dominant asset class on the platform. Most of the volume on TradersPost is driven by futures contracts, followed by equities and crypto. While options trading is used daily by a portion of users, it isn’t as popular in terms of overall volume compared to futures or equities.
How Users Approach Options Trading
For those who do engage in options trading, there are users employing creative strategies and setting up custom rules for selecting contracts. Some traders use options for purposes like hedging or put protection, but a significant number of users treat options trades as high-risk, high-reward opportunities, particularly with zero DTE contracts (options that expire the same day) — essentially treating them as “lottery tickets.”
Future Enhancements for Options Trading
The TradersPost team is exploring ways to expand options trading capabilities, such as adding support for multi-leg options orders. Additionally, there are plans to integrate more traditional investment strategies, such as automated rebalancing and hedging, combining technical analysis with advanced order types to give users more robust tools for automated options trading.
Conclusion
While options trading may not be the most popular feature on TradersPost, it is actively used by those seeking to automate options strategies. With planned enhancements, the platform may attract even more users interested in sophisticated options trading strategies.